Dollar index trading at 92.02 (+0.19%)
Strength meter (today so far) – Aussie +0.12%, Kiwi +0.05%, Loonie -0.18%
Strength meter (since last week) – Aussie +0.51%, Kiwi +0.20%, Loonie +0.22%
AUD/USD –
Trading at 0.784
Trend meter –
- Long term – Range/Buy, Medium term – Buy, Short term – Range/Sell
Support –
- Long term – 0.746, Medium term – 0.75, Short term – 0.765
Resistance –
- Long term – 0.825, Medium term – 0.8, Short term – 0.78
Economic release today –
- AiG performace of services report will be released at 22:30 GMT.
Commentary –
- Aussie is up this week as the dollar remains weak.
NZD/USD -
Trading at 0.71
Trend meter –
- Long term – Sell, Medium term – Sell, Short term – Range/Sell
Support –
- Long term – 0.66, Medium term – 0.68, Short term – 0.69 (testing)
Resistance –
- Long term – 0.76, Medium term – 0.76, Short term – 0.725
Economic release today –
- NIL
Commentary –
- Kiwi is up over USD weakness.
USD/CAD –
Trading at 1.253
Trend meter –
- Long term – sell, Medium term – sell, Short term – Range/Buy
Support –
- Long term – 1.2, Medium term – 1.22, Short term – 1.246
Resistance –
- Long term – 1.355, Medium term – 1.32, Short term – 1.30
Economic release today –
- NIL.
Commentary –
- Loonie is the worst performer of the week.
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